U.S. antitrust officials OK Yahoo's Zimbra deal
WASHINGTON (Reuters) - U.S. antitrust officials have approved Yahoo's purchase of e-mail software maker Zimbra for $350 million, the Federal Trade Commission announced on Monday.
Antitrust authorities took a preliminary look at the deal and said it posed no antitrust concerns, the FTC said in a statement.
Zimbra makes Web-based mail and calendar software that competes directly with products from Microsoft Corp and Google Inc.
Zimbra will help Yahoo enhance its decade-old e-mail service, the world's largest consumer service with 250 million accounts.
© Thomson Reuters 2009 All rights reserved
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage
India
US
UK
